Showing 1 - 10 of 2,637
conclude that learning effects are more important than selection effects for explaining differences between inexperienced and …
Persistent link: https://www.econbiz.de/10012141443
the context of daily life does not differ between the two groups. We therefore conclude that learning through experience …
Persistent link: https://www.econbiz.de/10012103380
conclude that learning effects are more important than selection effects for explaining differences between inexperienced and …
Persistent link: https://www.econbiz.de/10011944119
opportunities to identify learning rules, since on networks (compared to, e.g., random matching) more rules differ in terms of their … information they consult before making their choices. We use these data to estimate learning types using finite mixture models … find that learning depends on network position. Participants in more complex environments (with more network neighbors …
Persistent link: https://www.econbiz.de/10011995513
tariff rates as well as ownership proportions. Additionally, we examine convergence and learning in this setting. While …
Persistent link: https://www.econbiz.de/10012026111
opportunities to identify learning rules, since on networks (compared to, e.g., random matching) more rules differ in terms of their … information they consult before making their choices. We use these data to estimate learning types using finite mixture models … find that learning depends on network position. Participants in more complex environments (with more network neighbors …
Persistent link: https://www.econbiz.de/10011884406
In this paper we provide an experimental test of a dynamic Bertrand duopolistic model, where firms move sequentially and their informational setting varies across different designs. Our experiment is composed of three treatments. In the first treatment, subjects receive information only on the...
Persistent link: https://www.econbiz.de/10008587797
games offer new opportunities to identify learning rules, since on networks (compared to e.g. random matching) more rules … participants choose and which information they consult before making their choices. We use this information to estimate learning … types using maximum likelihood methods. There is substantial heterogeneity in learning types. However, the vast majority of …
Persistent link: https://www.econbiz.de/10011145661
Bertrand competition under decreasing returns involves a wide interval of pure strategy equilibrium prices. We first present results of experiments in which two, three and four identical firms repeatedly interact in this environment. Less collusion with more firms leads to lower average prices....
Persistent link: https://www.econbiz.de/10010851468
We study the relation between the number of firms and market power in experimental oligopolies. Price competition under decreasing returns involves a wide interval of pure strategy equilibrium prices. We present results of an experiment in which two, three and four identical firms repeatedly...
Persistent link: https://www.econbiz.de/10005582603